Legal Question in Credit and Debt Law in Tennessee

Deed

We refianced our mobile home and the land.My father-in-law done a quick claim deed,so we could do the refiance.That has been 4 years ago.The bank that did it did not record the quick claim.I called them and they don't even have it.Do they have a valid lean when the land is still in my father-in-laws name?


Asked on 11/02/06, 9:53 pm

1 Answer from Attorneys
Dr. Michael A. S. Guth Tennessee Attorney at Law Assists Pro Se (without a lawyer) Parties

Re: Deed

You can be sure a bank will always attach sufficient real estate capital to guarantee payment of their loans. It sounds like they hold a mortgage on your mobile home and possibly the land as well, if you financed them together. I'm not sure why you are asking your question, because if you default on your mortgage loan obligation, the bank could seize your mobile home. They would likely join your father-in-law in any action seeking to sell the land with the mobile home to recoup their financing.

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Answered on 11/02/06, 10:52 pm


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